Tag: traditional IRA contributions
Did you know? subject: IRA tax deductions
While sitting in my financial planning class this weekend I learned something that I never knew before. Did you know that if you are covered by an employer sponsored retirement plan (i.e. 401K) then your contribution to a traditional IRA may not be tax deductible?
In other words, let’s say that you contribute 5-10% of your [...]
Posted: September 21st, 2009 under Investing, Taxes.
Tags: IRA contributions, IRS publication 590, tax deductions for IRA contributions, traditional IRA contributions
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